Urban Outfitters (NASDAQ:URBN) Lowered to Sell at BidaskClub

BidaskClub downgraded shares of Urban Outfitters (NASDAQ:URBN) from a hold rating to a sell rating in a research report released on Tuesday morning, BidAskClub reports.

URBN has been the subject of a number of other research reports. JPMorgan Chase & Co. reduced their price objective on Urban Outfitters from $28.00 to $25.00 and set a neutral rating for the company in a research report on Wednesday, March 4th. Wells Fargo & Co reduced their price objective on Urban Outfitters from $30.00 to $20.00 and set an overweight rating for the company in a research report on Monday, March 16th. MKM Partners reduced their price objective on Urban Outfitters from $23.00 to $15.00 and set a neutral rating for the company in a research report on Friday, May 15th. B. Riley restated a hold rating and set a $15.00 target price on shares of Urban Outfitters in a report on Wednesday, May 20th. Finally, DA Davidson lifted their target price on Urban Outfitters from $18.00 to $22.00 and gave the stock a buy rating in a research report on Wednesday, May 20th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the company. Urban Outfitters has a consensus rating of Hold and an average target price of $20.56.

Shares of Urban Outfitters stock opened at $15.22 on Tuesday. The stock has a market cap of $1.44 billion, a PE ratio of -380.50 and a beta of 1.27. The business has a fifty day simple moving average of $17.53 and a 200-day simple moving average of $21.10. The company has a quick ratio of 1.27, a current ratio of 1.77 and a debt-to-equity ratio of 1.01. Urban Outfitters has a 12 month low of $12.28 and a 12 month high of $31.41.

Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Tuesday, May 19th. The apparel retailer reported ($1.41) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.26) by ($1.15). The business had revenue of $588.50 million during the quarter, compared to analyst estimates of $637.99 million. Urban Outfitters had a positive return on equity of 2.65% and a negative net margin of 0.08%. The business’s quarterly revenue was down 31.9% on a year-over-year basis. During the same period last year, the business earned $0.31 EPS. Analysts expect that Urban Outfitters will post -0.94 EPS for the current fiscal year.

Large investors have recently modified their holdings of the company. Tower Research Capital LLC TRC increased its holdings in shares of Urban Outfitters by 81.3% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,775 shares of the apparel retailer’s stock worth $25,000 after buying an additional 796 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Urban Outfitters by 77.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 979 shares of the apparel retailer’s stock valued at $27,000 after purchasing an additional 427 shares in the last quarter. Smithfield Trust Co. boosted its stake in shares of Urban Outfitters by 72.2% in the 1st quarter. Smithfield Trust Co. now owns 3,100 shares of the apparel retailer’s stock valued at $44,000 after purchasing an additional 1,300 shares in the last quarter. Dupont Capital Management Corp purchased a new stake in Urban Outfitters during the 1st quarter valued at $47,000. Finally, Point72 Hong Kong Ltd boosted its position in Urban Outfitters by 136.4% during the 4th quarter. Point72 Hong Kong Ltd now owns 2,392 shares of the apparel retailer’s stock valued at $66,000 after buying an additional 1,380 shares during the period. 71.97% of the stock is currently owned by hedge funds and other institutional investors.

Urban Outfitters Company Profile

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates in two segments, Retail and wholesale. It operates Urban Outfitters stores, which offer women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28; and Anthropologie stores that provide women's casual apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.

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Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

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